Your money is protected through the RICS client money protection scheme and will be held in a designated client account (for exclusions and limits see www.rics.org/clientmoneyprotectionschme) .
Your money is held in accordance with the RICS client money protection scheme rules which can be found at: https://www.rics.org/globalassets/rics-website/media/upholding-professional-standards/regulation/client-money-protection-scheme-rules-rics.pdf
For Livestock Sales Only:
Bletsoes acts as principle in the financial transaction; and
Sale proceeds will not be paid into a client bank account ; and
Consequently, RICS Client Money Protection Scheme (CMPS) will not apply to protect the vendor against the auctioneer in the event of insolvency
View our RICS Client Money Protection Certificate here